Washington, D.C., September 10, 2025 – NT Solar is proud to announce the closing of a 1.36 MW community solar project in Eastport, Maine, in partnership with Prometheus Power Group. The project is expected to generate approximately 1.78 million kWh annually, providing clean and affordable energy to local residents and businesses. NT Solar arranged a tax equity investment in the $3.3 million in Solar Investment Tax Credits (ITC) generated by the development of the solar site. This marks NT Solar’s ninth collaboration with PeoplesBank, a long-time NT Solar partner, bringing their total investment to over $21 million.
This investment with Prometheus Power Group reflects NT Solar’s commitment to expanding access to clean energy for people across the country. We’re especially proud to support a project bringing renewable energy at a discount to Maine’s rural residents.
The Eastport project will serve a mix of residential and commercial subscribers through Maine’s Community Solar program, offering a 15% fixed discount on all allocated bill credits. The project also qualifies for the 10% Domestic Content adder under the Inflation Reduction Act, supporting U.S.-based manufacturing by utilizing domestically manufactured panels. The energy generated by this project will make a meaningful impact for Maine’s rural residents and small businesses.
The 1.36 MW installations will generate an estimated 1.77 million kilowatt-hours (kWh) annually, which:
- Creates enough electricity to fully power 135 homes each year
- Offsets CO2 emissions generated from burning nearly 860,000 pounds of coal annually
- Sequesters the same amount of carbon from the atmosphere as over 784 acres of forest
- Offsets the CO2 emissions generated from consuming 87,000 gallons of gasoline annually
Power in Partnerships
“NT Solar’s financing expertise was instrumental in structuring this project,” said Rohit Garg, Managing Member of Prometheus Power Group. “Their support ensured we could deliver long-term value to the Eastport community while making clean energy more accessible to Maine residents.”
This partnership with Prometheus Power Group underscores NT Solar’s continued mission to expand access to clean and affordable renewable energy in rural Maine. NT Solar remains committed to supporting underserved areas by advancing equitable and impactful energy investments across the country.
About NT Solar
NT Solar, a division of the National Trust Community Investment Corporation (NTCIC), provides tax credit equity for renewable energy projects that deliver measurable community benefits. NT Solar specializes in community solar, energy storage, and projects that serve low-income households or are located in historically underserved areas. Visit www.nt.solar to learn more.
About Prometheus Power Group
Prometheus Power Group develops and operates community solar projects across the U.S., with a focus on the Northeast, Mid-Atlantic, Midwest, and Mountain West. The team has developed or is actively developing over 350 MW of solar capacity and operates through its venture, Nugenics Solar LLC Visit www.prometheuspowergroup.com to learn more.
Invest With Us
Since our inception in 2012, NT Solar has helped investors navigate Solar Investment Tax Credits and reach their Environmental Social and Governance (ESG) goals. We work to pair investors with the right solar project that will bring cost-effective energy options and growth to low-income communities, improve tax efficiency, and drive ESG initiatives.
Ready to Inspire a Sustainable Future?
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Washington, D.C., April 22, 2024 – NT Solar, a subsidiary of the National Trust Community Investment Corporation (NTCIC), with a mission to provide affordable clean energy access through investments in renewables and battery projects with strong ESG attributes, is thrilled to announce a series of four strategic solar tax credit (ITC) investments across the country, establishing new partnerships, building upon successful ongoing relationships, and continuing the growth of our network of investment partners.
These investments supported the development of 4 solar projects, including the largest solar installation to date in Rhode Island, as well as various community solar projects in New Jersey, New York, and California. Once in operation, these portfolios will bring the country closer to a carbon-free future while providing renewable energy to corporate and community solar subscribers and municipal, university, school, and hospital (MUSH) offtakers.
New & Returning Partnerships Generate Lasting Impacts
NT Solar’s recent successful investments were with new development and investment partners, New Energy Equity and Revity Energy via Nelnet, Inc., as well as returning partner Dimension Energy, showcasing the company’s capacity to attract fresh collaborations while maintaining longstanding relationships built on trust, reliability, and the delivery of exceptional results.
We are truly honored to deepen our partnership with NT Solar through these latest solar investments. NT Solar’s expertise in financing and their unwavering support have been instrumental in bringing these projects to fruition.
Following an initial investment in late 2022, NT Solar expanded its financing support of Dimension Energy projects in both September and December of 2023. To date, this collaboration has resulted in a project portfolio of 10 projects, representing over 71 MWDC of community solar generation capacity in New Jersey, New York, and California that will collectively deliver over $1M in annual savings to the project subscribers.
“It was a pleasure beginning new relationships with the New Energy Equity team while continuing to build on our strong partnership with Dimension Energy,” said Alyssa Watt, Transaction Manager at NT Solar. “These development teams are doing incredible work in expanding accessibility to renewable energy across the country.”
“New Energy Equity’s collaboration with NT Solar through these latest solar investments demonstrates our shared commitment to increasing access to clean energy for residents of New York,” said Jackie Chambers, Chief Investment Officer at New Energy Equity, an ALLETE company. “It exemplifies the synergy needed to drive the renewable energy sector forward, and we’re excited about the positive impact our partnership will have on local communities and the environment.”
With a total aggregate capacity of 152.5 Megawatts (MW dc), NT Solar’s recent investments will generate nearly 250 million kilowatt hours (kWhs) of renewable energy each year. Not only is this enough energy to power over 33,000 homes a year, these installations also play a crucial role in mitigating climate change by offsetting nearly 170,000 metric tons of carbon dioxide (CO2) emissions annually. These avoided emissions are equivalent to the amount of CO2 produced by burning 190 million pounds of coal or 19 million gallons of gasoline and would require over 200,000 acres of forest to offset naturally.
Inaugural Financing Through New Impact Investment Fund
The most recent financing in Dimension Energy’s portfolio was made possible through NT Solar’s newest investor partnership and the newly established Renewable Investing Fund. The establishment of this fund and its successful application in financing Dimension’s multi-state portfolio underscore NT Solar’s role as a leader in renewable energy investing and its strengths in bringing together diverse partners to support impactful renewable energy and decarbonization projects across the country.
“We are immensely proud to have launched the new Renewable Investing Fund with the support of our new investor partner,” said Karin Berry, Managing Director of NT Solar. “This partnership is a testament to our solid track record of fund management and successful transactions, paving the way for future endeavors that will continue to set benchmarks in the renewable energy landscape.”
“As we step into this new era of growth under my leadership, our mission at NT Solar is front and center,” stated David Clower, newly appointed President & CEO of NT Solar. “The demand for renewable energy solutions is at an all-time high, and we are actively expanding our fundraising efforts to meet the increasing demand from our robust pipeline of quality project sponsors. Our team is dedicated to fostering the development of projects that not only provide stable returns but also deliver tangible, positive impacts to communities nationwide. We invite partners to join us as we continue to innovate and lead in the renewable energy sector.”
About NT Solar
NT Solar, a subsidiary of the National Trust Community Investment Corporation, raises and manages capital for renewable and battery storage investments that create meaningful community impact and cost-effective energy options nationwide. Since its inception in 2010, NT Solar has provided tax credit financing for transactions nationwide, with a focus on the growing Community Solar market. Our varied network of partners and extensive experience in diligence and structuring provide our developers with competitive pricing and stable returns for our investors. Visit www.nt.solar to learn more.
About Dimension Energy
Dimension Energy is a leading developer, owner, and operator of turn-key community solar solutions, having deployed more than 400 megawatts and $400 million into clean energy assets since its founding in 2018. Dimension plans to invest an additional $2.5 billion over the next 5 years, with more than 2.2 gigawatts of projects currently under development across 11 states. Dimension fosters long-term partnerships with each community it serves, investing in local green job creation through workforce training programs and STEM education. For additional information about Dimension, please visit www.dimension-energy.com/
About New Energy Equity
New Energy Equity LLC, a wholly owned subsidiary of ALLETE (NYSE:ALE), develops, finances, operates, and manages solar power generation assets, providing clean electricity to commercial, industrial, municipal, and utility customers under long-term contracts. New Energy Equity has successfully developed over 500 megawatts of solar projects and closed more than $1.2 billion in clean energy investments. To learn more, visit:Â www.newenergyequity.com/
About Revity Energy
Revity Energy develops, constructs, and operates renewable energy generation facilities for the benefit of community partners. Our customer-centric approach gives us an intimate understanding of the needs of the communities where we develop projects, allowing us to offer tailored, effective energy solutions. To learn more, visit:Â www.revityenergy.com/
Invest With Us
Since our inception in 2012, NT Solar has helped investors navigate Solar Investment Tax Credits and reach their Environmental Social and Governance (ESG) goals. We work to pair investors with the right solar project that will bring cost-effective energy options and growth to low-income communities, improve tax efficiency, and drive ESG initiatives.
Ready to Inspire a Sustainable Future?
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Total Development Cost
$225.3 Million
NT Solar Financing
$67.6 Million
Megawatts
114
Number of Sites
1
In partnership with the Silicon Ranch Corporation, one of the largest solar developers in the United States, NT Solar financed over $67 million in solar tax credit investments for an installation spanning nearly 600 acres in Calhoun County, Georgia. This is NT Solar’s largest tax credit investment to date and was made possible through NTCIC/NT Solar’s newly established Climate Impact and Revitalization Fund (CIRF).
Once completed, the installation will generate nearly 114 Megawatts (MW) of power and will be purchased by one of the largest electric cooperatives in the country, which currently supplies energy to over 133,000 customers in northeast Georgia. Construction of the site will create 450 jobs and, once complete, will provide power to a large-scale data center, which employs more than 2,500 people. The installation site will use a regenerative approach to the installation site, allowing agricultural and animal grazing alongside the panels.
The developer’s partner, Regenerative Energy describes the process as “adaptively-managed grazing animals, diverse native plants, pollinator habitat, and wildlife work together to revitalize the soil, enhance biodiversity and resilient ecosystems, sequester carbon in the soil, and strengthen rural economies.”
The 114 MW installations, which will generate an estimated 210 million kilowatt-hours (kWh) per year of renewable energy annually:
The 114 MW installation, which will generate an estimated 210 million kilowatt-hours (kWh) per year of renewable energy annually:
- Creates enough electricity to take nearly 17,000 homes off the grid
- Is the equivalent of burning over 165 million pounds of coal
- Sequesters the same amount of carbon from the atmosphere as over 182,000 acres of forest
- Offsets the CO2 emissions generated from consuming 16.7 million gallons of gasoline annually
About Silicon Ranch Corporation
Based in Nashville, Tennessee, Silicon Ranch is the U.S. solar platform for Shell and one of the largest independent solar power producers in the country. Their mission is to bring communities across the country low-cost, renewable energy, economic growth and development, job opportunities, and partnerships they can count on for the life of their solar projects. Follow Silicon Ranch Corporation on LinkedIn and Twitter for updates, or learn more at siliconranch.com.
Invest With Us
Since our inception in 2012, NT Solar has helped investors navigate Solar Investment Tax Credits and reach their Environmental Social and Governance (ESG) goals. We work to pair investors with the right solar project that will bring cost-effective energy options and growth to low-income communities, improve tax efficiency, and drive ESG initiatives.
Ready to Inspire a Sustainable Future?
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Washington, D.C., September 6, 2023 – NT Solar is thrilled to announce one of its largest portfolio investments to date, financing $65 million in solar investment tax credits (ITCs) for a portfolio of 100 solar installations across California. This milestone investment is in partnership with Forefront Power, a leading developer and long-term owner-operator of solar energy and storage projects.
This portfolio, developed end-to-end by ForeFront Power and with a development cost of over $200 million, will provide renewable energy for 64 California schools that support thousands of students from K-12, as well as connect to four city utility services and several of the largest counties in the state. Soon, hundreds of thousands of residents will be able to benefit from energy savings provided by these installations. This investment underscores NT Solar’s commitment to investing in renewable energy that serves a broad community base, contributing to a sustainable future for all.
“We’re incredibly proud of this landmark investment,” says Alyssa Watt, Senior Transaction Manager for NT Solar. “ForeFront Power has been an exceptional development partner every step of the way. Working with Forefront Power on the initial investment, and then expanding this portfolio seven months later, enabled us to make a significant impact on the communities that these installations will serve. This project is a testament to our ongoing commitment to advancing clean energy across the nation.”
We are thrilled to partner with NT Solar on this solar plus storage portfolio. NT Solar’s commitment to the success of this investment was evident from the beginning, and their ongoing expertise in tax equity financing and support for a multi-project, distributed generation portfolio have ensured a smooth and efficient financing process from start to finish. Together, we’ve been able to make a significant positive impact on communities across California.
The portfolio primarily consists of “canopy” systems, in which the panels are elevated over parking lots, allowing cars to park underneath. In addition to delivering significant environmental benefits and customer savings, this development style reduces the need for construction on undeveloped land and gives sprawling parking lots productive use. ForeFront Power has a very similar portfolio available with a larger total capacity that will reach commercial operation in calendar year 2024, and the company is excited about the potential to continue delivering best-in-class projects for its customers and investment partners.
Investing in an Energy Community
Several installations within this portfolio will also qualify for various additional credits, or “adders,” for being located within an “energy community.” Released as part of the Inflation Reduction Act (IRA), energy communities are designated locations that have experienced economic hardship stemming from the fossil fuel industry or other environmental hardships. These include:
- Brownfield sites:Â Locations contaminated by hazardous substances or pollutants. Examples include garbage dumps, former coal mines, gas stations, and chemical processing facilities.
- Communities that were predominantly supported by the fossil fuel industry and are currently experiencing higher-than-average unemployment rates.
- Communities in which one or more coal mines or coal-fired electric generating facilities have closed in recent years.
In December 2022, NT Solar provided an initial investment for a 48.5 Megawatt DC (MW-DC) portfolio of 79 solar installations. In July 2023, NT Solar further expanded its investment commitment for the same portfolio, increasing the total installation count to 100 and the capacity to 58.4 MW-DC. This additional commitment brought the total financing to $65 million in ITCs, marking this as the largest investment by installation count in NT Solar’s history, and demonstrating NT Solar’s trust in ForeFront Power as a developer and long-term partner.
“We are thrilled to partner with NT Solar on this solar plus storage portfolio,” says Bryan Eckstein, SVP, Corporate Development & Project Finance at Forefront Power. “NT Solar’s commitment to the success of this investment was evident from the beginning, and their ongoing expertise in tax equity financing and support for a multi-project, distributed generation portfolio have ensured a smooth and efficient financing process from start to finish. Together, we’ve been able to make a significant positive impact on communities across California.”
About NT Solar
NT Solar, a division of the National Trust Community Investment Corporation (NTCIC), provides tax credit equity for renewable energy projects that deliver measurable community benefits. NT Solar specializes in community solar, energy storage, and projects that serve low-income households or are located in historically underserved areas. Visit www.nt.solar to learn more.
About Forefront Power
ForeFront Power is a leading developer of commercial and industrial-scale (C&I) solar energy and battery storage projects in the U.S. and Mexico, also offering vehicle fleet electrification services. The ForeFront Power team has 15 years of experience working together to develop more than 1,400 behind-the-meter and community solar projects, totaling more than 1.1 gigawatt-DC of renewable electricity. ForeFront Power serves business, government, education, healthcare and community solar customers with a broad array of development, asset management, and advisory services from its San Francisco headquarters and via teams based in New York, Mexico City, and across the U.S. through a hybrid work model. For more information, visit www.forefrontpower.com.
Invest With Us
Since our inception in 2012, NT Solar has helped investors navigate Solar Investment Tax Credits and reach their Environmental Social and Governance (ESG) goals. We work to pair investors with the right solar project that will bring cost-effective energy options and growth to low-income communities, improve tax efficiency, and drive ESG initiatives.
Ready to Inspire a Sustainable Future?
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact